Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Update

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 20,026 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 10,440 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NEXXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. The Goldman Sachs Group downgraded shares of Nexi to a “neutral” rating in a research report on Monday, April 13th. Finally, Citigroup restated a “neutral” rating on shares of Nexi in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nexi has an average rating of “Reduce”.

Nexi Stock Down 2.0%

NEXXY stock traded down $0.09 during trading hours on Thursday, hitting $4.21. 327 shares of the stock were exchanged, compared to its average volume of 7,361. The company has a 50-day simple moving average of $4.20 and a two-hundred day simple moving average of $4.14. Nexi has a 12 month low of $3.00 and a 12 month high of $6.74.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.